Nigerian stock market resumes with N285bn profit

The Nigerian Exchange Limited on Monday resumed the week on a bullish run as investors raked in a N285 billion gain.

This was the case as the performance index grew by 0.31 percent due to increased buying activity, extending last week Friday’s positive trading.

Accordingly, market capitalisation rose by 0.31 percent to close at N89.493 trillion on Monday, compared with N89.208 trillion on Friday.

Similarly, market data indicates that the All-Share Index (ASI) increased by 435.63 points, or 0.31 percent, to settle at 141,439.77.

Consequently, the market breadth closed positive with 40 advancers against 17 decliners.